Deloitte Corporate Finance buys Kavanagh Fennell

01 July 2014

Deloitte has bought Kavanagh Fennell, one of Ireland’s leading corporate recovery and insolvency services firms. All of Kavanagh Fennell’s 53 employees will transfer to Deloitte’s Corporate Finance practice. Financial details of the deal have not been disclosed.

Kavanagh Fennell was founded in 1997 by former Deloitte employee Tom Kavanagh and Ken Fennell, and specialises in corporate recovery and insolvency services. These services include receiverships, court liquidations, creditor voluntary liquidations, examinerships and informal schemes of arrangement. The Irish firm has over the past years built a strong track record, for a large part due to its involvement in the financial wreaking of some of Ireland's leading companies that were impacted by the financial crisis. In the past 3 years the firm advised on more than 450 insolvency and corporate recovery projects, including big names such as the Liam Carroll and Fleming Construction Groups.

Deloitte is one of the largest global accounting and consulting firms in the world and provides audit, tax, consulting and corporate finance services to public and private clients. In Ireland, Deloitte employs 1,350 people across offices in Dublin, Cork and Limerick. Deloitte’s Corporate Finance team in Ireland currently consists of roughly 100 advisors.

Deloitte buys Kavanaghfennell

Financial Advisory
In line with Deloitte’s ambition to further expand its financial advisory offerings in Ireland, the firm has decided to acquire Kavanagh Fennell. According to the Big 4 firm the acquisition will largely boost its insolvency and restructuring services, and in addition capitalise on complementary strengths in the forensics area, one of the fastest growing disciplines  for the firm. “As Ireland’s recovery continues we anticipate a continuing demand for restructuring services and this acquisition more closely aligns our forensics and restructuring offerings to meet the evolving needs of our clients,” says Deloitte Managing Partner Brendan Jennings.

The three partners of Kavanagh Fennell – Tom Kavanagh, Ken Fennell and David Van Dessel – will join Deloitte as partners and report to Martin Reilly, head of Deloitte’s Corporate Finance practice in Ireland. “This acquisition gives us the scale to work with larger clients and have access to a broad national and international network through Deloitte, while also benefitting existing clients, for whom it is very much business as usual,” says Kavanagh Fennell co-founder Kavanagh.


SQW Group purchases property-based regeneration consultancy

19 April 2019

UK consulting firm SQW Group has completed its first acquisition since it completed a management buyout in January 2019. BBP Regeneration joins the company having collaborated with SQW for more than 20 years.

Established in 1983, SQW Group now operates all over the world. Comprising SQW, Oxford Innovation, Oxford Innovation Services – one of the UK’s leading innovation centre operators – and Oxford Investment Opportunities Network, the organisation’s origins can be traced to Britain’s two ancient university cities: Oxford, through Oxford Trust founders, Martin and Audrey Wood, and Cambridge, through SQW’s work in producing The Cambridge Phenomenon.

The consultancy specialises in public policy, working with entities from the public, private and voluntary sectors to research, develop, implement and evaluate social and economic development interventions. It now employs over 250 people across regional offices in London, Oxford and Edinburgh, and provides business support to over 4,000 entrepreneurs and small businesses each year. At the start of 2019, SQW secured its independence in a management buyout, advised on by M&A experts from Liberty Corporate Finance and Penningtons Manches.

SQW Group purchases property-based regeneration consultancy

SQW has strengthened its position as a provider of services across the business spectrum with the acquisition of BBP Regeneration. Founded in 1994, the consulting firm specialises in land and property-based regeneration and growth schemes, and is a leading social and economic development consultancy. 

The two firms first worked together over 20 years ago, when SQW and BBP collaborated to develop the first Regional Economic Strategy for the South East. More recently, they developed an economic strategy for Thanet and are now working together in locations stretching from Cwmbran via Oxfordshire to London.

With the addition of BBP, SQW can now provide an integrated advisory service for organisations developing property schemes which deliver economic benefit to their local area. By joining SQW, meanwhile, BBP hopes to further enhance its ability to support clients in delivering property and place-making ambitions. 

Speaking about the deal, SQW CEO David Crichton-Miller commented, “The UK more than ever needs solutions to the challenges of places – of high streets under threat, of meeting housing delivery targets, and of both economically over-successful and economically challenged towns and cities – and the combination of SQW and BBP is uniquely suited to developing those solutions. [This deal] brings together critical and complementary services relating to places to serve our clients with leading edge and practical advice.”

Andy Smith, Director of BBP Regeneration, added, “SQW shares with BBP the same values of seeking to provide outstanding, practical, real world advice that helps get buildings built and places developed.  We greatly look forward to the opportunities that come from joining our two organisations together.”